The production value of renting and leasing motor vehicles in Finland stood at €1.00 billion in 2023. The forecasted data indicates a growth trend from 2024 to 2028. The year-on-year percentage variations are as follows: from 2024 to 2025, an increase of 2.91%, from 2025 to 2026, an increase of 3.77%, from 2026 to 2027, an increase of 2.73%, and from 2027 to 2028, an increase of 2.65%. Over the last five years, the Compound Annual Growth Rate (CAGR) is observed at approximately 3.49%, reflecting a steady growth in the sector.
Future trends to watch include the increasing preference for electric vehicles (EVs), which may drive further growth in the renting and leasing market. Additionally, advancements in autonomous driving technology and changes in consumer behavior favoring subscription models over ownership could also significantly impact the industry.
